NYSE MKT Expands Listing Services Suite to Small, Mid-Cap Companies

Thursday, 07/04/2016 | 09:58 GMT by Jeff Patterson
  • NYSE MKT has strengthened its listings package with access to DMM modeling and comprehensive data feeds.
NYSE MKT Expands Listing Services Suite to Small, Mid-Cap Companies
Bloomberg

The New York Stock Exchange (NYSE) has unveiled an augmented scope services suite for issuers on NYSE MKT, catering specifically to small- to mid-cap growth companies, helping streamline listing standards and options for firms, according to a NYSE statement.

NYSE MKT is a venue designed to help provide alternative listing standards and reduced market capitalization and requirements for small-to mid-cap companies under the NYSE mantle of operations.

Per the new enhancement however, NYSE MKT will also be launching a new investor relations and governance services listing package, complete with several useful utilities and services for small to mid-cap companies, ranging from regulatory disclosures to post-IPO solutions.

More specifically, the newly expanded NYSE MKT listing package will include access to NYSE’s Designated Market Maker (DMM) model. These models operate both manually and electronically to help facilitate price discovery during market opens, closes and during periods of trading imbalances or instability. The utilization of this approach is important for nascent companies and other established entities in that it helps strengthen Liquidity and value, each of which are instrumental for less liquid stocks or those immediately following IPOs.

In addition, firms utilizing the NYSE MKT package will be able to link into NYSE Connect, a value added service enables access to exclusive information, data, insights, webinars on capital markets, corporate governance, economics, among other channels.

In doing so, companies can be afforded the ability to greatly expand their sphere of influence, namely with their respective reach to investors, customers, and the NYSE network of listed companies by accessing events with established major media outlets broadcast live every day.

According to Garvis Toler III, NYSE Global Head of Capital Markets in a statement on the expansion: “The new NYSE MKT services are part of NYSE’s commitment to supporting companies throughout every phase of their growth as a public company.”

The New York Stock Exchange (NYSE) has unveiled an augmented scope services suite for issuers on NYSE MKT, catering specifically to small- to mid-cap growth companies, helping streamline listing standards and options for firms, according to a NYSE statement.

NYSE MKT is a venue designed to help provide alternative listing standards and reduced market capitalization and requirements for small-to mid-cap companies under the NYSE mantle of operations.

Per the new enhancement however, NYSE MKT will also be launching a new investor relations and governance services listing package, complete with several useful utilities and services for small to mid-cap companies, ranging from regulatory disclosures to post-IPO solutions.

More specifically, the newly expanded NYSE MKT listing package will include access to NYSE’s Designated Market Maker (DMM) model. These models operate both manually and electronically to help facilitate price discovery during market opens, closes and during periods of trading imbalances or instability. The utilization of this approach is important for nascent companies and other established entities in that it helps strengthen Liquidity and value, each of which are instrumental for less liquid stocks or those immediately following IPOs.

In addition, firms utilizing the NYSE MKT package will be able to link into NYSE Connect, a value added service enables access to exclusive information, data, insights, webinars on capital markets, corporate governance, economics, among other channels.

In doing so, companies can be afforded the ability to greatly expand their sphere of influence, namely with their respective reach to investors, customers, and the NYSE network of listed companies by accessing events with established major media outlets broadcast live every day.

According to Garvis Toler III, NYSE Global Head of Capital Markets in a statement on the expansion: “The new NYSE MKT services are part of NYSE’s commitment to supporting companies throughout every phase of their growth as a public company.”

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
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